As of today’s close, Nasdaq down 10%, S&P500 4%, from prior peak.
Nasdaq (blue, right scale), SP500 (green, left scale).
From Bloomberg:
The tech-heavy Nasdaq 100 Index ended down 1.4%, pushing it into a correction, when shares lose 10% from their last peak in October. The S&P 500 Index fell by 0.5%. Both gauges failed to maintain gains from earlier in the session. Energy and information technology led declines as crude prices fell after reports that US President Donald Trump signaled progress toward peace talks with Iran.
The Philadelphia Stock Exchange Semiconductor Index dropped 3.4%, adding to Friday’s 7.2% plunge. The gauge of chip stocks failed to rise above the 200-DMA on Monday after closing below that level Friday for the first time since June 2025.
“Lower oil should be a tailwind for tech, but the fact that stocks could not hold the open even with crude plunging tells shows how little conviction is left even after last week’s carnage,” said Dave Mazza, chief executive officer at Roundhill Financial. …
By
